| SUSTAINABILITY |
1. |
Understanding the organization's context.
In accordance with the operational context and sustainability strategies of the Thai Beverage Group, Thai Beverage has conducted a study to understand key sustainability issues. This is to ensure relevance and alignment with the current global trends, considering research from various sources such as the World Economic Forum (WEF), S&P Global's indices and assessments, the Sustainability Accounting Standards Board (SASB), as well as international frameworks like the United Nations Sustainable Development Goals (UN SDGs). Particularly, issues related to the food and beverage industry are examined, along with reports and studies from companies in the same industry, and the concerns of internal and external stakeholders are taken into account. This comprehensive approach enables the collection of sustainability issues that are in line with the context of Thai Beverage. These issues are expected to have an impact on the company's sustainability and will be further assessed for their potential impacts and opportunities in the next phase. |
2. |
Identifying actual and potential impact and assessing the significance of the impact.
To gather insights from stakeholders and sustainability consultants in identifying actual and potential impacts, Thai Beverage has engaged in activities to involve key stakeholders both internally and externally. In the initial step, experts were requested to analyze and provide feedback on issues that have the potential to impact Thai Beverage's sustainability operations, including their effects on stakeholders (shortlisted issues) and the possible forms of impact. Following that, the company followed the principle of double materiality by conducting a materiality assessment through an online platform (Google Form). This allowed both internal and external key stakeholders to participate in evaluating the positive and negative impacts (positive and negative impact) that have occurred or may occur as a result of Thai Beverage's activities related to each identified issue. The assessment also covered economic, social, and environmental aspects, designed in a survey format based on the organization's enterprise risk management approach. It included an evaluation of the likelihood of both actual and potential opportunities (actual and potential likelihood) and an assessment of the severity of impacts, both positive and negative. The severity levels of impacts were categorized into four levels: (1) Low, (2) Medium low, (3) Medium high, and (4) High severity, as illustrated in the figure. |
3. |
Prioritizing the most significant issues for reporting.
In this stage, Thai Beverage reevaluated various important issues by following the principle of double materiality, considering the impacts of each issue on the company's sustainability operations. The SDWT team collectively determined the Materiality Threshold of the impacts of the identified issues in both financial and non-financial dimensions, referring to the criteria outlined in the organization's enterprise risk management approach.
Subsequently, the results obtained from each key stakeholder group's survey were reviewed before evaluating and prioritizing the issues with the highest impact (most significant) on Thai Beverage. To validate the findings, Thai Beverage conducted a materiality test with independent experts who have no affiliation with the company, both domestically and internationally. This was done to gather opinions on the assessment process and the identified issues. Following this, the two sets of results were presented to the Board of directors to seek feedback and obtain approval on the most significant sustainability issues (priorities most significant) for the company. These priorities would serve as guidelines for managing sustainability and disclosing information in future reports.
|
ThaiBev's Sustainability
ENVIRONMENTAL
SOCIAL
